The City of West Hollywood not only has some of the strictest rent control laws in Los Angeles but they also have inclusionary housing programs. As a property manager it is very important to us that we make sure our clients know what they are getting into when they decided to develop property in West Hollywood. Here are some tips before you start your next project.
Requirements for Residential Projects:
**All residential projects have to follow the City Green Building Ordinance provisions that impact the number of units that may be developed under certain circumstances**
In order for someone to participate in the affordable housing units they must not have an income that exceeds the income category established by the City Council. If the household does exceed 150% of the maximum income for two consecutive years, the lease may be terminated and the unit vacated.
When a unit becomes available the City staff will refer the management party five eligible applicants for tenant selection. After the management has received the applicants they can perform normal application procedures to choose which applicant is most qualified.
Please call Belwood Properties with any questions or advice regarding West Hollywood.